$800 million Government Bond Sold to a Single Buyer – How Does that Happen?
In early July, a sole bidder purchased the entirety of the $800 million primary issue of new Australian government bonds with a 2029 maturity (12-years). This was the highest ever for a single bidder since official statistics started in 1982. In early September, another lone buyer purchased the entire $500 million issuance of government bonds in a single bid. To [...]